The fund’s limited partners will include JD Logistics and the JD.com mother company, in addition to some other listed companies and government-led funds, according to the China-based ecommerce giant.
The fund will complement JD.com’s own investment team which carries out deals across a variety of sectors. The company spun off its logistics unit into a standalone entity in 2017, and then opened up its delivery and warehousing services to third-party companies.
Earlier in 2019, Yandex.Market online marketplace, a joint venture between Yandex and Sberbank, has closed a strategic partnership with ecommerce company JD.com.
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